MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Dec 29
VEGOILS-Market Factors to Watch Dec 29
29/12/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures retreated on Monday after hitting their highest in 18 months in the last session, as weaker export demand and concerns over the year-end monsoon season dampened market sentiment.
* Chicago Board of Trade soybean futures fell for a fifth straight session on Monday as forecasts for rains across Brazil's key producing region Mato Grosso eased concerns of potential yield losses in the world's largest exporter.
* Oil fell more than 3 percent on Monday, with global benchmark Brent back near 11-year lows as last week's short-covering dried up and players worried that crude prices had more room to swoon in the new year.
MARKET NEWS
* Global equities were lower on Monday, pressured by another downdraft in oil prices and worries over growth in China's economy, while the holiday season kept trading volumes muted.
RELATED
> Survival of fittest for commodities shipping firms in 2016
> India's state cotton purchases to plummet as Pakistan raises imports
> Dalian corn prices fall from near 4-mth high after key policy meet
> November Asian imports of Iran oil drop 16.2 pct on India, Korea cuts
> Philippines' coconut oil exports up 24.5 pct in Nov; El Nino worry eases
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Dec 1-31 palm oil export data on December 31.
> Cargo surveyor SGS releases Malaysia's Dec 1-31 palm oil export data on December 31.
Palm, soy and crude oil prices at 0022 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JAN6 0 +0.00 0 0 0
MY PALM OIL FEB6 0 +0.00 0 0 0
MY PALM OIL MAR6 0 +0.00 0 0 0
CHINA PALM OLEIN MAY6 4636 -66.00 4618 4650 387728
CHINA SOYOIL MAY6 5552 -62.00 5550 5576 207336
CBOT SOY OIL MAR6 30.44 -6.00 0.00 0.00 0
INDIA PALM OIL DEC5 398.60 -6.00 398.60 404.90 1038
INDIA SOYOIL JAN6 615.00 -8.55 615.00 623.00 45250
NYMEX CRUDE FEB6 36.72 -0.09 36.66 36.80 835
FUNDAMENTALS
* Malaysian palm oil futures retreated on Monday after hitting their highest in 18 months in the last session, as weaker export demand and concerns over the year-end monsoon season dampened market sentiment.
* Chicago Board of Trade soybean futures fell for a fifth straight session on Monday as forecasts for rains across Brazil's key producing region Mato Grosso eased concerns of potential yield losses in the world's largest exporter.
* Oil fell more than 3 percent on Monday, with global benchmark Brent back near 11-year lows as last week's short-covering dried up and players worried that crude prices had more room to swoon in the new year.
MARKET NEWS
* Global equities were lower on Monday, pressured by another downdraft in oil prices and worries over growth in China's economy, while the holiday season kept trading volumes muted.
RELATED
> Survival of fittest for commodities shipping firms in 2016
> India's state cotton purchases to plummet as Pakistan raises imports
> Dalian corn prices fall from near 4-mth high after key policy meet
> November Asian imports of Iran oil drop 16.2 pct on India, Korea cuts
> Philippines' coconut oil exports up 24.5 pct in Nov; El Nino worry eases
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Dec 1-31 palm oil export data on December 31.
> Cargo surveyor SGS releases Malaysia's Dec 1-31 palm oil export data on December 31.
Palm, soy and crude oil prices at 0022 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JAN6 0 +0.00 0 0 0
MY PALM OIL FEB6 0 +0.00 0 0 0
MY PALM OIL MAR6 0 +0.00 0 0 0
CHINA PALM OLEIN MAY6 4636 -66.00 4618 4650 387728
CHINA SOYOIL MAY6 5552 -62.00 5550 5576 207336
CBOT SOY OIL MAR6 30.44 -6.00 0.00 0.00 0
INDIA PALM OIL DEC5 398.60 -6.00 398.60 404.90 1038
INDIA SOYOIL JAN6 615.00 -8.55 615.00 623.00 45250
NYMEX CRUDE FEB6 36.72 -0.09 36.66 36.80 835